Earnings quality
Compare earnings and operating cash flow for earnings quality.
Samsung Heavy Industries Co., Ltd.
Ticker 010140 · 🇰🇷 Korea · Consolidated K-IFRS · amounts in won
Filed 2025-03-31 · Period end 2024-12-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 5.1%; equity ratio is 22.1%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin5.1%
Equity ratio22.1%
Last priceKRW 17,610
Trailing P/E234.8×
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Samsung Heavy Industries Co., Ltd. is a Korea-listed company with consolidated financial statements filed on DART (Open DART).
Compare trends
Tel 031-5171-7000 · As of filing date 2024-12-31
Financial statements
Income statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Revenue | ₩8.0T | ₩9.9T |
| Cost of sales* | ₩7.4T | ₩9.0T |
| Gross profit | ₩645.5B | ₩920.6B |
| Operating profit | ₩233.3B | ₩502.7B |
| Finance income | ₩143.0B | ₩182.5B |
| Finance costs | — | — |
| Income tax | -₩140.2B | -₩369.4B |
| Profit for the period | -₩155.6B | ₩53.9B |
| Profit to owners | -₩148.3B | ₩63.9B |
| Basic EPS | -174.00 | 75.00 |
Balance sheet
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Cash & equivalents | ₩583.8B | ₩956.0B |
| Current assets | ₩9.2T | ₩9.4T |
| Non-current assets | ₩6.3T | ₩7.8T |
| Total assets | ₩15.6T | ₩17.2T |
| Current liabilities | ₩11.2T | ₩12.0T |
| Short-term borrowings | ₩1.8T | ₩2.2T |
| Non-current liabilities* | ₩952.3B | ₩1.4T |
| Total liabilities | ₩12.2T | ₩13.4T |
| Owners’ equity | ₩3.4T | ₩3.8T |
| Total equity | ₩3.4T | ₩3.7T |
Cash flow statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Operating cash flow | -₩516.5B | ₩654.5B |
| Investing cash flow | -₩194.7B | ₩310.5B |
| Financing cash flow | ₩376.0B | -₩599.2B |
| Net change in cash | — | — |
| Cash at end of period | ₩583.8B | ₩956.0B |
Five-year trends
Key metrics
| Metric | Trend | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|
| Revenue | ₩6.9T | ₩6.6T | ₩5.9T | — | ₩9.9T | |
| Operating profit | -₩1.1T | -₩1.3T | -₩854.4B | ₩233.3B | ₩502.7B | |
| Profit to owners | -₩1.5T | -₩1.5T | -₩627.4B | -₩155.6B | ₩53.9B | |
| Total assets | ₩12.9T | ₩12.1T | ₩14.5T | ₩15.6T | ₩17.2T | |
| Cash & equivalents | ₩987.2B | ₩571.2B | ₩919.2B | ₩583.8B | ₩956.0B | |
| Owners’ equity | ₩3.7T | ₩4.1T | ₩3.6T | ₩3.4T | ₩3.7T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ₩8.0T to ₩9.9T (▲ +23.6%). Operating profit went from ₩233.3B to ₩502.7B (▲ +115.4%).
Operating cash flow was ₩654.5B (prior -₩516.5B), with cash on the balance sheet at ₩956.0B versus ₩583.8B.
Liquidity & leverage
Short-term borrowings moved from ₩1.8T to ₩2.2T.
Capital buffer
Total equity moved from ₩3.4T to ₩3.7T.
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Source: DART 20250319000397
(삼성중공업(주)), period end 2024-12-31.